1202 BAY FRONT ROAD
About This Property
While the home is in need of a full renovation, it's priced at land value, offering a rare chance to restore in a truly special setting. Step outside to enjoy direct beach access where you can surf fish, kayak, paddleboard, or even kite surf right from your backyard.
Broadkill Beach is known for its quiet, laid-back atmosphere, wide sandy beaches, and stunning views of the Delaware Bay. With no boardwalk, no crowds, and direct access to Prime Hook National Wildlife Refuge, it offers a peaceful, nature-filled escape that is only minutes from historic downtown Milton and a short drive to Lewes and Rehoboth. Call today to learn more about this one of a kind opportunity!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017